Kelly Criterion Calculator<\/strong><\/a>. Check it out – it's really simple to use!<\/p>\n\n\n Do not bet on bets with no (or negative) value<\/strong><\/p>\n\n\n If you make the calculation with a negative value<\/strong>, the calculation will give you a negative amount and recommend that you do not bet<\/strong>.<\/p>\n\n\n It is up to you to find that value!\n <\/h4>\n \n\n
\n The Kelly Criterion method has its critics, yet has still stood the test of time. Of course, a lot depends on your assessment of value. Bookies are constantly looking to eliminate value by offering accurate odds as possible. Of course, there are many factors that can influence these odds, such as money coming in that moves the lines, overestimation of certain athletes, popularity, injuries, and more. Still, you should assume that bookies are no fools and know why they are publishing certain odds. It is up to you to outsmart them<\/strong>.<\/p>\n\n\n Different Kinds Of Kelly\n <\/h4>\n \n\n
\n There are several kinds of Kelly Criterion<\/strong>; some are more bullish, while some are more bearish.<\/p>\n\n\n The Full Kelly\n <\/h4>\n \n\n
\n The Full Kelly<\/strong> is the method described above. If you follow it consistently, it can be risky. If you estimate the value very high, it can recommend that you bet up to 50% of your bankroll. Still, if you are correct, a good win streak can have you winning big and fast. It all depends on your accuracy of estimating value<\/strong>.<\/p>\n\n\n For example, with odds at 2.40, your bankroll at \u00a3100and your (estimated) overlay at 20%, the Full Kelly recommends that you bet 14.3% of your bankroll, or \u00a314.3.<\/p>\n\n
\n The Fractional Kelly, Half Kelly or Quarter Kelly\n <\/h4>\n \n\n
\n If you want to be more conservative in your approach, you can choose the Fractional Kelly.<\/strong> Here, you can make the Kelly Calculation and use a fraction of it instead of the Full Kelly. Use 50%, 33% or 25% of the Full Kelly, or any percentage with which you are comfortable. In the end, this can be a more advantageous strategy, since you will risk less of your bankroll<\/strong>.<\/p>\n\n\n The Constant Kelly\n <\/h4>\n \n\n
\n The Constant Kelly works almost the same as the Full Kelly method. However, you need to wager a percentage of a fixed amount, rather than your total bankroll. If you have regular funds you wish to bet with, rather than a fixed bankroll, this is one way to manage your funds.<\/p>\n\n
\n For example, instead of betting 14.3% of your bankroll, you bet 14.3% of a fixed amount.<\/p>\n\n
\n Level staking\n <\/h3>\n \n\n
\n Level staking<\/strong> is a simpler form of bankroll management. In this strategy, you simply bet a fixed percentage of your bankroll. If you have a continued win streak, you slowly increase the percentage. If you run into a losing streak, you decrease your stake. This makes sure you are always in control of how much you are betting.<\/p>\n\n\n While this method is less advanced than the above, it is simple and easy to understand. It is more a way to keep mental discipline and stay sharp, than a scientific method like the Kelly Criterion.<\/p>\n\n
\n This method can easily be used in combination with a Fractional Kelly,<\/strong> however, which is what we would recommend. You can start with a Quarter Kelly and slowly move your way up to a Half Kelly or even a Full Kelly.<\/strong><\/p>\n\n\n The Fibonacci Method\n <\/h3>\n \n\n
\n The Fibonacci Method <\/strong><\/a>is a method of bankroll management that is based on the Fibonacci sequence<\/a><\/strong> that was devised the 12th century by a genius mathematician of the same name. A Fibonacci sequence begins with the numbers 1 and 2. Each number is the sum of the previous two numbers.<\/strong><\/p>\n\n\n The Fibonacci Sequence:<\/strong><\/p>\n\n\n 1, 2, 3, 5, 8, 13, 21, 34,\u2026<\/p>\n\n
\n Calculating the sequence and using it to bet is easy. Starting with 1 as your bet size, you move to the next step every time you win. Every time you lose, you move down two steps.<\/p>\n\n
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Your first bet is \u00a310.<\/p>\n <\/div>\n <\/div>\n <\/li>\n
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You win your bet.<\/p>\n <\/div>\n <\/div>\n <\/li>\n
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Your next bet is \u00a320.<\/p>\n <\/div>\n <\/div>\n <\/li>\n
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